Helsingin Sanomat, Finland's leading news media, highlights our groundbreaking work in turning CO2 into sustainable aviation fuel (SAF). This is a huge step forward in the journey toward greener aviation, and we couldn’t be more proud! https://www.hs.fi/suomi/art-2000010643795.html

Yle, Finland’s national news media, published an in-depth article on the shift towards SAF. Our CEO, Pasi, and CTO, Harri, shared their optimistic views and concrete solutions for overcoming the challenges.   Read the whole article here: https://yle.fi/a/74-20104613?utm_medium=social&utm_source=copy-link-share #SAF, #eFuels, #Greentransition

The system is essential to SAF production utilizing captured CO2 and was installed at Liquid Sun’s demonstration plant in Tampere, Finland. With the new CO2 conversion unit, Liquid Sun and GIG Karasek are achieving a breakthrough in environmentally friendly aviation with significantly lower CO2 emissions. The system produces green carbon monoxide from captured carbon dioxide. Green carbon monoxide serves as an important raw material for Fischer-Tropsch synthesis, in which it is converted into liquid fuel such as SAF. Read more: https://www.gigkarasek.com/news/startup-liquidsun

Vataset Teollisuus and Liquid Sun are partnering to enhance the environmental and climate-friendliness of the Kemijarvi Biopark. CO2 emissions from energy and fiber wood processing will be converted into natural raw materials for sustainable aviation fuel (SAF) production. The Finnish company Liquid Sun and the forest industry business developer Vataset have signed a cooperation agreement for the biopark in Patokangas, Kemijärvi. Since 2020, Vataset has been developing with partners a circular economy-based biopark specializing in the chemical processing of wood to bio-chemicals, biomethanol, e-fuels, fibers and energy. The partnership with Liquid Sun and Vataset aims to utilize the CO2 emissions from the biopark as a raw material for synthetic e-fuels. The construction of the SAF production plant will begin in early 2025 and is expected to be operational by the end of 2026. Once the fiber line is completed and in volume production, it will release up to 2 million tons of CO2 annually, which will be processed on-site. The need for a cost-effective, low-temperature solution led to a partnership with Liquid Sun to utilize their patented technology. This technology enables the use of biogenic CO2 at its source to produce raw material for SAF, creating a closed carbon cycle. "We've been looking for a partner to enable the Kemijarvi Biopark to further contribute to the transition from fossil fuels to biofuels and to meet emission targets. Integrating Liquid Sun's innovative technology creates a win-win situation: we provide biogenic CO2, and Liquid Sun's technology produces sustainable feedstock for aviation fuels. This partnership also contributes to broader emission reduction goals, which is a shared mission for both parties," summarizes Harri Vatanen, CEO of Vataset. "Vataset Teollisuus aims to build the Kemijärvi Biopark based on strong environmental values as a carbon-free, bio-product-based eco-industrial hub, which not only brings wealth to the region but also promotes the sustainable use of renewable resources. The values and goals of both parties are well aligned, creating strong prospects for future cooperation," says Dr. Pasi Keinänen, CEO of Liquid Sun. The ecosystem surrounding the bio-product factory supports various industrial activities. Production at low temperatures is crucial to minimize environmental impacts. The location along the Kemijoki River requires a low thermal load to avoid disturbing the aquatic ecosystem and its recreational and professional use. "Kemijärvi has a strong industrial history with a long tradition in wood processing and sustainable forestry. We are pleased that Vataset is building the flagship of future bioproducts manufacturing in the Kemijärvi Biopark. Innovative companies like Liquid Sun are urgently needed to ensure carbon neutrality and well-being go hand in hand. It is a pleasure and privilege to help build new success for the region and the industry," says Marjo Säärelä, Mayor of Kemijärvi. Liquid Sun's technology, developed at Tampere University and Stanford University, provides solutions for the green transition across multiple industries by partnering with companies whose operations generate CO2 emissions as a byproduct, turning emissions into valuable raw materials. Although the technology scales to produce various e-fuels, the company's near-term focus is on producing raw materials for SAF. The final implementation plan will be formed once the project's timeline and funding are secured, the aim is to have Liquid Sun's technology operational by 2026. Part of the SAF production planning involves securing offtake agreements with users of sustainable aviation fuel, concludes Pasi Keinänen.

The journey towards the green transition, where our world shifts from a reliance on fossil fuels to more sustainable energy sources, is still paved with a few significant challenges to overcome. One of the most crucial concerns is ensuring the affordability of renewable energy, especially for developing economies. Ultimately, the shift to a green energy field is an issue of equity – inclusivity means ensuring that the benefits of green technologies are accessible to all. The United Nations has positioned "Affordable and Clean Energy for All" within its Sustainable Development Goals framework, underlining it as a critical global priority. The development goal emphasizes the need to increase the share of renewable energy, make significant advancements in energy efficiency, and increase global cooperation. To reach this goal we need to develop multiple clean energy solutions and secure the necessary investments. Transitioning from fossil fuels is not just environmentally reasonable; it's also economically wise. In 2022, the fossil fuel sector received approximately $7 trillion in financial support through tax incentives and direct subsidies. In contrast, an investment of around $4 trillion annually in renewable energy is necessary by 2030. This investment will support technology and infrastructure advancements needed to achieve net-zero emissions by 2050 The shift could potentially bring substantial economic returns, saving up to $4.2 trillion per year by mitigating the impacts of climate change. Adopting efficient and reliable renewable technologies can enhance our energy resilience to make us less prone to market volatility and geopolitical tensions, ensuring a more secure and diverse energy supply chain. Technological advancements have provided tools to shift from fossil-intensive to fossil-free synthetic fuels produced from various carbon sources. These fuels have the volume and energy density of their fossil counterparts, which makes them compatible with combustion engines of cars, aviation, and heavy-freight industries where full-scale adoption of electrification is technically impossible. The production of sustainable synthetic fuels is a field where Liquid Sun’s technology is a key player. Our low-temperature electrolyzers (LTE) utilize carbon dioxide, either directly from air or captured at a source, with power from renewable sources to produce synthetic fuels and chemicals. Unlike biofuels which rely on cultivated crops and deforestation for raw materials, our technology holds an added benefit:  it doesn’t need land or other emission-causing raw materials. The Techno-Economic model predicts that our technology holds great promise to be commercially viable and affordable for the wider population around the globe. The war in Ukraine and Houthi rebels’ attacks on cargo ships in the Red Sea have demonstrated how regional conflicts can disrupt global energy supply chains with catastrophic effects on the global economy, effectively increasing energy poverty. Synthetic fuels produced through Liquid Sun’s technology have the added benefit of dissociating local economies from petroleum imports. Our technology protects local economies from the drastic effects of supply chain disruptions. A decentralized solution for energy production makes the local industry more attractive for investments as global or regional conflicts will have minimal effects on its supply chain. The UN Sustainable Development Goals, including the eradication of poverty, ensuring quality education, and promoting good health and well-being are practically impossible to reach without the foundation of sustainable energy. By integrating sustainable energy solutions like the Liquid Sun technology, we can not only speed up our way towards meeting SDG 7, but also significantly contribute to reaching other goals associated with it. At Liquid Sun, we are strongly committed to aligning the UN Sustainable Development Goals into our operations to foster peace and prosperity for people and the planet, both today and tomorrow. Dr Zafar Ahmed, Senior Scientist / Sustainability & Circularity Lead

Dr. Pasi Keinänen, Liquid Sun Ltd. Chief Executive Officer. We are extremely proud to announce that our CEO Dr. Pasi Keinänen has been selected as an official member of the Forbes Technology Council. To kick things off, Pasi shared his thoughts on the most significant question regarding the green transition: how quickly and extensively can we produce synthetic hydrocarbons at a competitive price? Click the link below to read the article on the Forbes website, and stay tuned for more to come. https://www.forbes.com/sites/forbestechcouncil/2024/03/05/solving-price-parity-means-solving-the-green-transition/

In the start-up world, where numerous innovative ideas and technologies emerge, one key factor often determines a company's fate: the presence of a well-defined go-to-market strategy. By navigating commercialization complexities and effectively reaching target markets, start-ups can transform ideas into marketable products. Establishing a robust go-to-market strategy early on becomes the catalyst that pushes these ventures forward, ensuring they make a lasting impact on the world. But what is a go-to-market strategy? To put it simply, it’s a plan that outlines how a company will introduce and sell its products to the target market. It encompasses various elements such as market analysis, customer segmentation, clear value proposition, and defining a business model and sales strategy to generate revenue. However, having been through this multiple times, I understand that the initial stages of the exercise can often feel daunting. To manage the strategy effectively, breaking it down into defined sections is the key to success. From data to wisdom The first stage of a GTM strategy involves building a comprehensive picture of the market in which a business operates. This understanding lays the foundation for making informed decisions throughout the process. The objective is to gather relevant data and insights about the target market including its size, challenges, opportunities, growth trends, key players, competitors, and customer pain points. There are multiple ways to approach this task. However, in my experience, one of the most effective – though less well-known – is by combining research with expert calls. Research is what bricks are to a wall: it provides the foundational key pieces of information about the target market. However, research alone often lacks the context and nuances that exist in the market and therefore needs to be complemented with Expert Calls. Expert Calls are like the cement and paint on a wall. They allow you to engage directly with potential customers, industry experts, and key stakeholders offering invaluable perspectives not easily accessible through research. This allows start-ups to tap not only into the knowledge but also into the experience that these experts have formed over the years. It also enables them to validate assumptions and identify gaps and opportunities that might otherwise not have been evident. The business of success Once a start-up has built a comprehensive market picture, the next crucial step is identifying viable business cases and revenue streams. So how to know which opportunities are the most promising for generating revenue? Business cases can be simply defined as viable reasons for a business to exist. Start-ups must identify business cases early on by assessing the market appetite, needs, pain points, and customer demands, uncovered during the research phase. By aligning their product or service offerings with identified needs, and demonstrating a unique value proposition that sets them apart from competitors, start-ups can create compelling business cases addressing specific market gaps. Now, let's delve into revenue streams that can be interpreted as getting the most out of your business cases. Once a business case has been developed, it's essential to identify and diversify the revenue streams that will sustain financial growth. Start-ups should carefully analyze which revenue streams align with their business model, target market, and value proposition. By diversifying revenue streams and ensuring a steady flow of income, start-ups can reduce the risk of relying too heavily on a single revenue stream and enhance their financial stability. In summary, identifying robust business cases and revenue streams bridges the gap between an idea and an economically viable business venture. Adapt to thrive In a startup environment, agility is paramount, and a go-to-market strategy is no exception. We've discussed the importance of building a comprehensive market picture, identifying viable business cases, and establishing revenue streams, but the process doesn't end there. Instead, it evolves through continuous iteration and refinement. It’s essential to remain adaptable, leveraging feedback from early adopters, monitoring market trends, and incorporating valuable lessons learned along the way. Whatever you do, maintain an open mind with the ever-evolving needs of your target market. At Liquid Sun, we have developed a technology that transforms CO2 and water into e-fuels and chemicals using electricity. The sustainable fuels market, being in its infancy, has made the exercise of formulating a GTM strategy increasingly challenging. The limited availability of data and insights has created significant hurdles, requiring us to expand our efforts beyond conventional sources. As we move forward, motivated by our dedication to innovation and sustainability, we will continue to refine our GTM strategy, with the goal of making a lasting impact on a greener future. Arthur Romanet, Head of Business Development

Authors: Dr Said Said (Senior Scientist) Editors: Prof Mika Valden (Chairman of the Board), Panu Nordlund (CBO) and Sini Levisalo The urgent need to address the devastating impacts of climate change has been a catalyst for emerging technologies that could pave our way to a more sustainable future. Nanotechnology in particular holds the potential to enable innovations that bring us closer to achieving the ultimate goal, net-zero emissions. But what is nanotechnology? “Nanotechnology is the understanding and control of matter at nanoscale where unique phenomena enable novel applications. Nanomaterials can exhibit unusual physical, chemical and biological properties at the nanoscale, differing from the properties of bulk materials, single atoms and molecules” as put by the late Nobel Prize Physicist, Richard Feynman. Nanoscale is measured with nanometers, where one nanometer is one-billionth of a meter. For example, the width of a human hair equals approximately 80 000 nanometers. Nanomaterials often possess quantum confinement effects and high surface area that govern unique and enhanced physicochemical and electrochemical properties, such as distinct colours, semiconductors, magnetic, and catalytic properties. The small nature of nanoparticles in turn also means we’re able to exploit less materials and operate technologies at lower cost. Shaping Our Present and Future To this date, nanotechnology has observed 50 years of research and application with continuous expansion in almost every field of science. We have already observed impactful commercial applications of new nanotechnologies. Most recently, the biomedical field combated the spread of Covid-19 by using lateral flow tests based on antibody-modified gold nanoparticles with close to 3 billion tests delivered worldwide. In addition, more than 12.7 billion vaccine doses that are based on lipid nanoparticle technology were administered across 187 countries. In the context of renewable energies, nanotechnology has already led to significant progress in various areas. For example, improving solar energy through photovoltaic cells, enhancing energy storage with nanoporous zeolites, and nanocatalysts for hydrogen production. Each of these applications utilizing one or more nano-architectures. Catalyst for Change At the forefront of these technologies, replacing fossil fuels with green fuels is critical given the vast energy infrastructure dependency. Distinct from biofuels, which are produced from biomass, green fuels are synthesized from a combination of electrochemically driven reactions, namely, carbon dioxide reduction – at a cathode – and water oxidation – at an anode – to produce carbon-neutral hydrocarbons such as carbon monoxide or so called ‘e-fuels’. The best part is, the only byproduct of this process is oxygen. Adopting such carbon dioxide based electrochemical refinery technologies is critical to not only recycling carbon dioxide but also assisting in reducing and even potentially reversing emissions. The efficient generation of carbon monoxide has recently entered the market at a commercially competitive level with state-of-the-art performances - and efforts to ramp up to a gigaton scale in the near future. Carbon monoxide, which, for example, serves as an industrially valuable feedstock in syngas used to make liquid fuels via existing processes such as Fischer-Tropsch synthesis. Targeting more carbon dense products such as ethylene and ethanol on a similar level is set to become the next revolutionary phase in e-fuel and e-chemical technologies. Hence, current research is heavily focused on nanocatalyst development to further enhance properties such as activity, selectivity of products, and as well as prolonging the overall stability of components used. In addition, the design and manufacturing of electrolyzers that host these crucial processes can also be developed to maximize overall efficiency whilst lowering cost. In turn, such emerging technologies are to be integrated with carbon capture plants and powered through existing renewable energy generation by solar cells and wind turbines amongst others as a form of electrical energy transformation processes, collectively termed as Power-to-X (P2X). There are also underlying challenges regarding nanotechnology. Understanding the nanoscale processes involved in energy applications can be complex, but the end result often brings us closer to new and improved systems. In addition, it is also critical to exploit the safety, life-cycle assessments and techno-economic and potential environmental factors before taking full advantage of the endless solutions nanotechnology is making possible and more importantly, could provide us in the future. Dr Said Said (Senior Scientist), Liquid Sun Ltd. References Y. Pei and F. Jin, A Brief review of electrocatalytic reduction of CO2-Materials, reaction conditions, and devices., Energy Sci Eng., 2021, 9, 1012-1032. L. Pokrajac et al., Nanotechnology for a sustainable future: Addressing global challenges with the International Network4Sustainable Nanotechnology, ACS Nano, 2021, 15, 18608-18623. A. K. Hussein, Applications of nanotechnology in renewable energies- A comprehensive overview and understanding, Renew. Sust. Energ. Rev., 2015, 42, 460-476. T. Randall et al, (2022) More Than 12.7 Billion Shots Given: Covid-19 Tracker. Bloomberg. https://www.bloomberg.com/graphics/covid-vaccine-tracker-global-distribution/ Nanotechnology Market Size And Forecast. (2023) Verified Market Research. (https://www.verifiedmarketresearch.com/product/nanotechnology-market/#:~:text=Nanotechnology%20Market%20Size%20And%20Forecast,14.5%25%20from%202023%20to%202030 )

In the fast-paced and ever-changing world of start-ups, standing out from the crowd and capturing the interest of customers, investors, and partners is mandatory for success. Business data and innovative tech are fundamental, but it is the unique story that can elevate the company's value to new heights. Especially in the case of start-ups without historical performance data, other elements become crucial. Business decision-makers want to connect with shareable values, enthusiasm, and inspiration. For us, it’s important to connect with our audience on an emotional level even if the commercialization is still in the early phases – we believe that by spreading our story, values and the problems we are determined to solve, we can collaborate with our partners and other stakeholders on a deeper level and create undeniable value. Building Emotional Connections In an era where markets and digital media are inundated with endless business opportunities and marketing noise, it has become increasingly challenging for any start-up to capture and maintain attention. By sharing authentic and genuine stories, start-ups can build trust and foster long-term relationships with their audience. In our case, the company's background lies in our founder's childhood fascination with nature's own mechanisms for growth, development, and self-repair. This inspired the search for explanations through science and physics. Through research, experimentation, and collaboration with experts in various fields, we were able to translate the knowledge learned from nature into technical applications. With this approach and mindset, we aim to solve problems that are bigger than any start-up or funding round. At the core of the company's long-term vision is to harness the sun's immense power as a sustainable source of energy: It fuels life on Earth but also has the potential to address the pressing challenges of environmental sustainability. In addition, the commitment to being carbon-negative powers us to create solutions that not only avoid adding carbon to the atmosphere but actively remove it. By incorporating carbon capture and utilization technologies, we aim to contribute to the overall reduction of greenhouse gas emissions and create a more sustainable future. Differentiating the Brand It is very clear that for start-ups seeking funding or strategic partnerships, storytelling plays a vital role in earning the attention and support of investors and potential collaborators. They are interested in more than just financial projections; they want to believe in the vision and potential of a start-up. And the team behind it. Looking ahead, Liquid Sun brand's future goals remain firmly rooted in our origins. Our story and business idea are one and the same, not a fabricated narrative born out of marketing fantasies. The brand's future goals are shaped by our commitment to nature and science. We as a team continuously seek to push boundaries and challenge the status quo. We want the story to be present in everything we do. The story is always told for people, which is why it needs to be evaluated and crafted by looking at the company from the outside to the inside. Not based on what we develop in our laboratory. Amplify yet clarify In general, brands are focusing too much on what to say when instead they should be talking and connecting with their audiences. A talkative person in the room is way more interesting than a quiet bystander. Although, there’s a but: A vision or a story should not be just empty words or a catchy punchline without substance. It should go beyond the surface and serve as a guiding principle that drives the company's actions and decisions. Simply put, we are driven by one vision. That is to be the best, safe and most easily accessible energy technology that eliminates the need for fossil fuels and balances the carbon cycle. In summary, our story is not just a narrative we tell; it is deeply ingrained in our approach to both technology development and commercialization. The story becomes the driving force behind our innovations, the foundation of our brand identity, and the key to connecting with our audience on a deeper level, ultimately creating value for the company, stakeholders and to our planet. Panu Nordlund, Chief Brand Officer, Liquid Sun Ltd

A future fueled by fossil-free energy holds the key to building a better future for our planet. We’re committed to fighting against climate change by harnessing our innovative technology to replace fossil fuels with hydrocarbons created only from CO₂ and water. The consequences of climate change are being recognized worldwide, with rising temperatures, extreme weather conditions, sea-level rise and ecological disruptions amongst many others. Fossil fuels have been the backbone of our energy system for decades. However, their extraction, production and consumption contribute significantly to greenhouse gas emissions, primarily carbon dioxide – a major driver of climate change. It poses a significant threat to the future of energy production and most importantly, to our globe. It’s time for a change By reducing our reliance on non-renewable resources, we can significantly mitigate the negative impacts. Harnessing technology to develop sustainable and renewable solutions holds immense potential in shaping a better future. Sustainable innovations help not only because they reduce greenhouse gas emissions but also decrease our critical reliance on fossil fuels, at the same time creating economic possibilities on a sustainable ground. We took on the challenge and began to create an alternative to fossil fuels that uses only renewable energy to turn carbon dioxide and water into clean fuels. Unlike conventional methods that solely focus on producing fuel, our technology goes a step further: it creates fossil-free hydrocarbons that can be utilized in the process of multiple synthetic products and chemicals. It re-engineers one the oldest energy sources in the world to create a pure source of liquid hydrocarbons ready for industrial applications. From an idea to a business plan It's been a long journey from an idea to execution, let alone forming a sustainable business model with financial potential. Behind every great project, there is a team of amazing individuals – and our team is no exception. We represent varied professional backgrounds but are driven with the same vision: a fossil-free future is something we all must commit ourselves to solving today and tomorrow. Committing to a fossil-free future is not just about mitigating climate change – it also opens new opportunities for sustainable economic growth. Going from a research project to a profitable business venture has its own difficulties and requires a lot of resources. At this point, we’re focused on bringing together all the elements needed to develop a scalable product. A good product is a start, but in addition it needs branding, strategy, core values, partnerships, and of course, clients. We have the expertise, passion, and unwavering belief in our technology to make it happen. We started our company just last year in November but are eagerly looking forward to sharing and celebrating our milestones along the way. As we continue to improve our technology, build partnerships, and create a prototype of a scalable solution, our commitment to innovation and sustainability motivates us to keep moving forward on this transformative journey. Creating a better future is not a matter of choice: we urgently need to take action to fight global warming and the first step from our point of view is the depletion of fossil fuels. Samuel Thesleff, CEO, Liquid Sun Ltd

AFRY had a pivotal role in assisting Liquid Sun to define the crucial steps towards the development of an operational hydrocarbon electrolyzer prototype. Through a collaborative partnership, AFRY provided support to Liquid Sun, setting the stage for the realisation of this ground-breaking technology to replace fossil fuels with synthetic hydrocarbons. Read the whole article here.

Aamulehti, the local news media from Tampere, wrote an article about our innovation and how to solve challenges within the hydrogen economy. The article introduces Professor and Chairman of the Board Mika Valden’s long-term scientific work within photonics and catalysis. Also, Dr. Pasi Keinänen (CINO) shares his views on the benefits of synthetic hydrocarbons in the transition to a fossil-free future. Both are co-founders of Liquid Sun Ltd. Read the whole article here: https://lnkd.in/d6A5XngP